- Dec 2015
With the exception that you are forced into the system against your will or people with guns will come and take you away to jail.
You absolutely described a pyramid. A ponzi scheme is where people are paid from investments from other participants without any profit. Social security is absolutely a ponzi scheme. Rather or not it can be successful for the next few decades is a different matter. I suspect that the millennial's better be ready to wait until they are past the age of 70 to be allowed to draw anything.
Easy solution. If SS is so distasteful---DON'T sign up for it.
See how easy that was!?